MP backs biodiesel tax break campaign
29 June 2011
MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently gain from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George said "a number of small businesses in Cornwall currently generate income from utilized cooking oil".
He added: "In order to have the ability to get this sort of industry going it does require just a little bit of lift which can be found in the type of tax inescapable."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Ted Sconce edited this page 2025-01-18 06:17:41 +00:00